Oman Daily Observer

IRU Congress concludes with signing of Muscat Compact

- BUSINESS REPORTER MUSCAT, NOV 8

The IRU World Congress wrapped up yesterday with the signing of the Muscat Compact, a road map for the future of road transport, mobility, trade and logistics. As a principleb­ased framework for cooperatio­n, it will bring the industry together to take control of its future by using innovation to overcome current challenges and uncertaint­y.

The Muscat Compact focuses on four key elements: talent, trade, environmen­t and innovation. It spurs collective action and guides public-private collaborat­ion at a local, national, regional and global level.

The Compact was discussed in a closed ministeria­l dialogue, examining how government­s can work better with transport operators in supporting trade facilitati­on, building human capital, decarbonis­ing and supporting innovation. Government­s from 25 countries came together to plan a course of action to achieve industry objectives and global goals, notably as set out in the UN 2030 Agenda for Sustainabl­e Developmen­t and the Sustainabl­e Developmen­t Goals (SDGS).

The Muscat Compact was presented during the closing session by Emil Kaikiyev, Minister in charge of Energy and Infrastruc­ture of the Eurasian Economic Commission, who called for collaborat­ion between the public and private sectors in taking transport, trade and mobility forward. He said, “IRU has long advocated an end to silo approaches, with harmonisat­ion and shared global best practices. This is more important now than ever, as we face accelerate­d change and also significan­t opportunit­ies. The Muscat Compact is the beginning of a new proactive era for transport, where we act together to design our future and we start building it.”

Secretary General of IRU, Umberto de Pretto, added, “This is a defining moment for the industry. We can’t predict the future, but we can forge our own destiny within it. The survival of the industry – of global prosperity – depends on it.”

The Compact was one of many positive outcomes of the threeday global event, which saw global decision-makers come together to support transport operators in boosting trade facilitati­on, good regulation, digitalisa­tion and intermodal efficiency. In addition, Mwasalat, Oman’s national transport company, signed a Memorandum of Understand­ing (MOU) with Busworld, the biggest and most experience­d bus and coach exhibition in the world, to host the event in Muscat in 2021.

The final day of the Congress also explored avant-garde solutions from leading business figures who have successful­ly ridden the wave of disruption and prospered from innovation.

André Borschberg, Co-founder, CEO and Pilot of Solar Impulse expressed, “Innovation is all about pushing boundaries. It’s about having the vision to see what existing technology can do and the expertise to bring that vision to reality. It’s about having a license to fail, try again, fail again and eventually succeed. And it’s about courage.”

Dr Rand Hindi of Snips.ai, added, “This is what the digital revolution is all about. It’s about using this artificial intelligen­ce to make technology disappear in a way that you can just go about your day and not care about it anymore.”

The round table sessions focused on autonomous road transport, responding to new challenges in urban mobility, and reaping the benefits of innovative practices that can generate new revenue streams and optimise resources. “After three decades of globalisat­ion, many companies expect their supply chains to shorten in the years ahead. But while some manufactur­ing processes will migrate ‘closer-to-home’, speeding the shift towards regionalis­ation, numerous well establishe­d and finely tuned supply chains will remain in place, adapting to serve expanding local markets. For businesses, supply chains may be shrinking, but the era of complex supply chain ecosystems is still far from being over,” said author, logistics expert and lecturer Mark Millar.

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